That is a big question. We need:
- Large data stores of transaction level data at our fingertips
- GUI oriented tools to readily compile this data in different combinations
- The ability to quickly load lots of this data into memory and then slice and dice it
- GUI oriented tools that have real-world trading methods that can be dragged and dropped onto a strat for back-testing
- More GUI & less coding
- More indicators that are predicated on Transaction Level Analysis and other approaches, and less of the same old hum-drum of tired indicators
- A reporting tool that can be readily modified without a user knowing SQL
- The ability to create Automated Trading Drones right from the R&D side of the platform that can be put directly into the market without an extensive re-write to accommodate your broker's API and/or to lose all of the back-testing code overhead
One of the challenges is that to run all of this stuff you till need custom programming, system admin staff and a plethora of hardware.
In the near future The Cloud will eliminate most of the monotonous and redundant stuff while simultaneously making available pools of electronic Intellectual Property.
I think that as this Clap (Cloud Application) evolves and is rolled out to the masses the net effect will be a level of software and services that will make each and every trader's jaw drop on a regular basis.
The Cloud and Claps are category changers.
While the tools to develop in the cloud are rounded out, we are continually pushing for new ways to distribute, yet protect, Algorithmic Trading Intellectual Property.
Our current approach is to use a sceeto (Self Contained Electronic Exchange Transaction Objects) to distribute the IP (Intellectual Property) of an Algorithmic Quant Shop to a trader's desktop without pushing down all of the unnecessary overhead...it's a pretty cool approach.
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